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Re: ritster73 post# 6774

Tuesday, 10/28/2008 5:18:59 AM

Tuesday, October 28, 2008 5:18:59 AM

Post# of 7338
Yes but then at this time we will be able to sell and move out losing less money .

So this is what I will wait due that there will be no other choice .

If they want to dilute shares , they will need to post great news to have the PPS go higher .

And at the price we trade they will need to post more than one .

The fabulous should be china Jiangsu Golden change from name to Wuxi Steel Ball Ltd and become officialy Wuxi on the stock market .

Also this could explain wy they raised the A/S to 500M without selling shares on the market .

Raise to A/S to 500M without dilute shares is a non sense for a scam company .
And they did not so I dont think we may call them scam .

This could also explain the 20M restricted shares like wuxi take over all the company over and left 20M restricted to the old ceo for exemple .

Also make a count if the A/S was still 100M and the O/S 36M
+ 20M restricted shares .

What do this mean ?
Well that when the restricted shares will be sold on the open market + the OS some one could be able to take majority of the shares with 51M of the shares .

And this could also say majority of the shares from Wuxi .

So this make sense to have raise the A/S to 500M to prevent any take over .

Now the price is so low that I will keep my shares and I am not far to own 10% of the O/S with my last rebuy yesterday .

If the company is realy wuxi Steel Ball then I am not afraid anymore to own shares of this mass production businesss .

I can afford to wait months if necessary no problem .

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